Amazon is planning to invest more than $100 billion in data center construction in the next 10 years. The company currently invests more in data center infrastructure than in retail warehouses. John Felton, chief financial officer of Amazon Cloud Services (AWS), said that the current construction of artificial intelligence feels like the construction of a huge logistics network in the past few years. Data from market research firm Dell’Oro Group shows that last year, Amazon’s spending on data center capital expenditures (including leasing) reached a decade-high 53% compared with total capital expenditures.
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